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The Foundations of Statistical Activity Cost Theory with Applications to Some Old Accounting Measurement Issues: A Simulation Approach

journal contribution
posted on 2023-05-18, 10:08 authored by Gibbins, M, Hillier, J, Willett, RJ
This paper describes in outline the basis of a statistical theory of accounting measurement called 'Statistical Activity Cost Theory'. Some applications are explained through the use of computer simulation. The areas of application are: the statistical properties of the depreciation adjustment; a statistical interpretation of standard costing variables; market values and goodwill as derived, probabilistic concepts; and the relationship of the theory to the fundamental economic forces of consumer preferences and supplier cost functions. The theory has considerable potential to improve understanding of the relationship between accounting numbers and underlying economics processes.

History

Publication title

Journal of Political Economy

Volume

64

Issue

5

Pagination

57-78

ISSN

0022-975X

Department/School

TSBE

Publisher

Kyushu University Press

Place of publication

Japan

Repository Status

  • Restricted

Socio-economic Objectives

Service industries standards and calibrations

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